- CDSA and Shiba Inu use blockchain to improve media and entertainment content security and delivery.
- Privacy and transparency are increased by Full Homomorphic Encryption and Shibariumscan connecting Ethereum Layer 1 and Layer 2.
The Content Distribution and Security Association (also known as CDSA) and SHIB, the all-encompassing framework of digital assets that includes the well-known Shiba Inu meme coin, have established a strategic alliance.
Through this partnership, the media and entertainment sectors hope to transform security and content delivery by utilizing blockchain technology.
Shiba Inu Joins CDSA, to Explore Use of Blockchain Tech In Media and Entertainment Industry – Daily Shib https://t.co/ETDooU55Gs
— 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO 🧜🏼♀️ (@LucieSHIB) April 11, 2024
According to CoinMarketCap, the SHIB is currently trading at $0.00002762. It has had a minor decrease of 1.35% over the previous day but has continued to rise positively over the last week, rising 3.9%. The erratic but potentially lucrative character of digital assets in the blockchain space is reflected in this financial data.
Announcement of a Strategic Partnership
Since its founding in 1998, the CDSA has played a key role in establishing industry norms for the safe transmission and preservation of content in the software, IT, and entertainment sectors.
The group hopes to improve these standards even further by incorporating Shiba Inu’s blockchain technologies, particularly in a time when digital content is always vulnerable to hacking.
Shiba Inu’s main creator, Shytoshi Kusama, has spoken about the game-changing possibilities of blockchain technology and the intersection of AI. He stated:
“We are ready to offer a blockchain-first viewpoint to support executives in the media and entertainment industry in utilizing these cutting-edge technologies.”
This project might have a significant impact on prevalent issues like plagiarism and deepfakes, which AI advancements have made worse. For a deeper dive into these developments, you can check out this YouTube video.
Enhancing Industry Standards with Blockchain
The addition of a new function to Shibariumscan by Blockscout further demonstrates the current improvement in blockchain transparency.
By bridging the Shibarium Layer 2 and Ethereum Layer 1 networks, this innovation improves user confidence by enabling smooth fund transfers and increasing the transparency of blockchain processes, as formerly reported by ETHNews.
Also, Shiba Inu has implemented Full Homomorphic Encryption (FHE), which is a huge step towards improving user privacy, in line with what ETHNews previously disclosed.
Thanks to this cutting-edge technology, users can handle data securely and without the need for decryption, providing them with never-before-seen levels of protection and privacy.